Indian Banks’ Association

HR & Industrial Relations
HR&IR/MBR/76/D/ 2022-23/11592
November 1, 2022

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2022 and January 2023 under XI BPS/ Joint Note dated 11.11.2020

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2022 as published by Govt. of India in its website Labour Bureau are as follows:-

July 2022 – 8539.44
August 2022 – 8559.16
September 2022 – 8631.48

The average CPI of the above is 8576.69 and accordingly the number of DA slabs are 556 (8576 – 6352= 2224/4= 556 Slabs). The last quarterly Payment of DA was at 526 Slabs. Hence, there is an increase in DA slabs of ‘30’ i.e. 556 Slabs for payment of DA for the months November, December 2022 and January 2023.

New DA Chart for Bank employees

In terms of clause 7 of the 11th Bipartite Settlement dated 11.11.2020 and clause 3 of the Joint Note dated 11.11.2020, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of November, December 2022 and January 2023 shall be 38.92 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Brajeshwar Sharms
Senior Advisor (HR&IR)

Download Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2022 and January 2023 under XI BPS/ Joint Note dated 11.11.2020 PDF

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Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June and July 2022

Indian Banks’ Association

HR & Industrial Relations

HR&IR/MBR/76/ D/2022-23/11183
April 30, 2022

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June and July 2022 under XI BPS/ Joint Note dated 11.11.2020

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended March 2022 are as follows:-

January 2022 – 8223.90
February 2022 – 8217.32
March 2022 – 8283.06

The average CPI of the above is 8241.42 and accordingly the number of DA slabs are 472 (8241 – 6352= 1889/4= 472 Slabs). The last quarterly Payment of DA was at 471 Slabs. Hence, there is an increase in DA slabs of ‘1’ i.e. 472 Slabs for payment of DA for the quarter May, June and July 2022.

In terms of clause 7 of the 11th Bipartite Settlement dated 11.11.2020 and clause 3 of the Joint Note dated 11.11.2020, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of May, June and July 2022 shall be 33.04% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

Download DA for Workmen and Officer Employees in bank from May to July 2022

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No. RB / ELS / 9623

February 15, 2021

The Chairman / Managing Director & Chief Executives of All Member Banks

Dear Sir / Madam,

IBA Model Educational Loan Scheme for Pursuing Higher Education in India and Abroad, 2021

In 2000, pursuant to the Finance Minister’s meeting with the Chief Executives of public sector banks, IBA had constituted a Study Group to examine the role of commercial banks in facilitating the pursuit of higher education. Based on recommendations made by the Study Group, IBA had prepared a Model Educational Loan Scheme in the year 2001, which has been modified from time to time. The scheme was last modified in the year 2015 based on experience gained in the implementation /operation of the scheme over the years.

In October 2018, a review exercise was taken up w.r.t. the following aspects

1. Incorporate the changes in the scheme keeping in view the operational difficulties and updation made in Central Sector Interest Subsidy Scheme (CSIS) as revised – applicable w.e.f. April 01, 2018;
2. To make the scheme more transparent for students;
3. To minimize scope for multiple interpretations leading to disputes.

Accordingly, IBA constituted a Working Group to undertake the task of modifying the Educational Loan Scheme and prepare a structure / format of the revised Educational Loan Scheme. The working group had a series of meetings and after detailed deliberations, finalized the revised scheme. The revised model scheme was approved by the DFS.

Bank Employees DA for the months of November, December 2020 & January 2021 under X BPS/ Joint Note dated 25.5.2015

The revised Model Educational Loan Scheme with proposed changes by the DFS was approved by the IBA Managing Committee in its meeting held on January 15, 2021, for adoption and implementation by the member banks.

Further, since the scheme is a model scheme, Banks may adopt their board approved policy for risk mitigation with regard to individual colleges and courses, etc.

The revised IBA Model Educational Loan Scheme for Pursuing Higher Education in India and Abroad, 2021 is enclosed for your necessary action.

Yours faithfully,
sd / –
D K Malhotra
Senior Advisor
(M): +91 – 7042718881

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Indian Banks’ Association
HR & Industrial Relations

No.CIR/HR&IR/76/D/2020/9381
December 2, 2020

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2020 & January 2021 under X BPS/ Joint Note dated 25.5.2015 (Revised)

Please refer to our Cir HR&IR/76/ D/2020/9282 dated November 3, 2020, wherein we had advised DA rates to be paid for the month of November, December 2020 & January 2021

2. The Circular was issued by considering the Consumer. Price Index (CPI) of September 2020 which is 118 as published by Ministry of Labour & Employment, Chandigarh vide its notification no. 23/15/2020- FLS dated 22.10.2020.

3. However, they have now revised the CPI of September 2020 at 118.1 as published in its notification no. F.NO.5/1/2020- CPI dated 27.11.2020. Accordingly, please note the necessary changes as under:-

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended September 2020 are as follows:-

July 2020 – 7669.50
August 2020 – 7715.15
September 2020 – 7763.73 (Base 2016 = 100)

The average CPI of the above is 7716.13 and accordingly the number of DA slabs are 819 (7716 – 4440= 3276/4= 819 Slabs) The last quarterly Payment of DA was at 775 Slabs. Hence there is an increase in DA slabs of 44 i.e. 819 Slabs for payment of DA for the quarter November, December 2020 & January 2021.

Bank Employees DA for the months of November, December 2020 & January 2021 under X BPS/ Joint Note dated 25.5.2015

Dearness Allowance for Bank Employees for the months of November, December 2020 & January 2021 under X BPS/ Joint Note dated 25.5.2015

5. In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of November, December 2020 & January 2021 shall be 81.90 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S K Kakkar
Senior Advisor (HR&IR)

Download Order

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Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2020 & January 2021

Indian Banks’ Association
HR & Industrial Relations

No.CIR/HR&IR/ 76/D/2020/9282
November 3, 2020

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2020 & January 2021 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended September 2020 are as follows:-

The average CPI of the above is 7713.93 and accordingly the number of DA slabs are 818 (7713 – 4440= 3273/4= 818 Slabs) The last quarterly Payment of DA was at 775 Slabs. Hence, there is an increase in DA slabs of 43 i.e. 818 Slabs for payment of DA for the quarter November, December 2020 & January 2021.

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2020 under X BPS/ Joint Note dated 25.5.2015

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of November, December 2020 & January 2021 shall be 81.80 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Also check: Expected DA 2020 for Central Government Employees

Yours faithfully,

S K KakKar
Senior Advisor (HR&IR)

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According to the 10th Bipartite Settlement for the period from February, March and April 2020, 75.90 percent of the Dearness Allowance (DA) grants to Bank employees. In this regard the Indian Banks Association (IBA) released a circular and the same is reproduced and provided for your information below :

Indian Banks’ Association
HR & Industrial Relations

No.CIR/HR&IR/ 76/D/2019-20/ 8619

February 1, 2020

All Members of the Association (Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2020 under X BPS / Joint Note dated 25.5.2015.

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960= 100) for the quarter ended December 2019 are as follows:-

• October 2019 – 7418.42
• November 2019 – 7486.90
• December 2019 – 7532.55

The average CPI of the above is 7479.29 and accordingly the number of DA slabs are 759 (7479 – 4440 = 3039 / 4 = 759 Slabs) The last quarterly Payment of DA was at 717 Slabs. Hence there is an increase in DA slabs of 42 i.e 759 Slabs for payment of DA for the quarter February, March and April 2020.

AICPIN for December 2019 – Press Release

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of February, March & April 2020 shall be 75.90% of pay. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours Faithfully,
sd/-
S K Kakkar
Senior Advisor (HR&IR)

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Dearness Allowance – 6 Slabs less from May, 2016

AIBEA published a circular regarding Dearness Allowance after the announcement of CPI(IW) index for the month of March 2016 made by Labour Bureau.

Dearness Allowance – 6 Slabs less from May, 2016

D.A. Rates @ 0.10% per slab for 420 Slabs over 4440 points for all cadre/stages: 42.00%
Note: D.A. and Increase shown here includes Basic Pay and Special Allowance

D.A. Rates for Pensioners (%) – No change

Source: www.aibea.in

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